Great Depression Quotes

Bernanke has cultivated this idea that he is a brilliant scholar of The Great Depression, but that’s not true at all.

No one can possibly have lived through the Great Depression without being scarred by it. No amount of experience since the depression can convince someone who has lived through it that the world is safe economically.

I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression.

We will not have any more crashes in our time.

FISHER SEES STOCKS PERMANENTLY HIGH

American labor may now look to the future with confidence.

Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.

For the immediate future, at least, the outlook (stocks) is bright.

The Federal Reserve the privately owned U.S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation by one third from 1929 to 1933.

We have hit bottom and are on the upswing.

The country is not in good condition.

We are really on track for a soft landing. There are no balloons popping.

The Government's business is in sound condition.

The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than it would have been by bad monetary policy.

The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.

I am convinced that through these measures we have reestablished confidence.

Looking to the future I see in the further acceleration of science continuous jobs for our workers. Science will cure unemployment.

The worst is over without a doubt.

I think that when the education system started to be dismantled during the first Great Depression in the 1930s, we didn't recover from that.

Financial storm definitely passed.

The money cost of the reservoir plan literally fades into insignificance when it is compared with the financial burden which the great depression imposed on the nation.

How much would you pay to avoid a second Depression?

I see no reason why 1931 should not be an extremely good year.

Our whole Depression was brought on by gambling, not in the stock market alone but in expanding and borrowing and going in debt... all just to make some easy money quick.

It's almost worth the Great Depression to learn how little our big men know.